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Nov 9, 2012 9:00am EST
the fiscal cliff. earlier this week john boehner did the same. take a listen. >> we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >>> coming up in the next hour, speaker babier will be giving a news conference live from capitol hill. we'll bring you those comments live and the president speaking in the east room at 1:00. they're calling it a statement. there will be an audience in the room. he might get a question. it's up to him whether or not he wants to answer it but we might know more in a come of hours than what we do now sniet could be a real market movier what he says or doesn't say as well as the countdown to when the president speaks. the nasdaq, it's higher and that's thanks in large part to the massive reversal that we've seen in shares of apple just intraday. apple is now higher by -- call it 1% or more. it's close to the session highs here. so quite a turnaround there from the earlier losses we saw in the session. and we're also seeing a turn 5ur7bd in
Nov 12, 2012 9:00am EST
. this was the secret negotiation between barack obama and john boehner last year. we don't know all of the pieces that were in it. they offered 8$800 billion in revenue and then on the spending cut side they offered $450 billion in cuts to medicare and medication and changes to the way social security benefits are calculated. a lot of things on the table here. big things both tax increases and spending decreases. it's going to take some combination of those to get to a deal here and it's sort of where they go on this menu of options that's going to lead to whether or not they have votes to do it on capitol hill. >> there's a detail there. cut through it for me if you will. a lot of people around seem to suggest that they're going to get this thing tied up really quite quickly. my concern is that obama is beginning to grandstand. if you look at who he's meeting with, it looks like he might be preparing for a huge fight for his legacy, which actually might push us further back than a lot of people have bargained for. >> what you'll see with obama meeting with progressive groups and business leaders
Search Results 0 to 1 of about 2